Middle East Economic Survey
VOL. LII
No 10
9-Mar-2009
SAUDI ARABIA
Saudi Economic Outlook Declining For 2009, Says Samba
Samba Financial Group in its February Economic Monitor highlighted a disconnection between an increasingly liquid banking sector and the credit scarcity in the corporate sector in Saudi Arabia. The Kingdom is expected to register a declining economic outlook in 2009 due to a combined effect on private economic activity of low credit levels in the corporate sector, soft oil prices...
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